Hearts have posted a £3million operational profit as the club says it is back to the levels of “financial strength” it enjoyed before the pandemic.
The Hearts accounts for the 2021/22 financial year have been published, with more detail to be available when the Jambos hold their AGM on Thursday, 15 December. Turnover increased by a massive 90 per cent while a pre-tax profit of £1.7million was also recorded, mainly thanks to player sales and the continued support of club benefactor, James Anderson, as well as the return of fans to Tynecastle following the 2020/21 lock out.
Robbie Neilson’ s side secured a third place finish last term, and while they were knocked out of the Europa League playoff by FC Zurich, they dropped into the group stages of the Europa Conference League. The UEFA cash that comes with that will be included in next year's numbers, but solidarity payments from the European governing body and a lucrative run to the Scottish Cup final helped to boost turnover.
